Shares of Oklo Inc. (NYSE:OKLO - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $22.59, but opened at $25.48. Oklo shares last traded at $23.91, with a volume of 7,678,724 shares trading hands.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. B. Riley assumed coverage on shares of Oklo in a research report on Thursday, September 19th. They set a "buy" rating and a $10.00 target price on the stock. Citigroup decreased their price objective on shares of Oklo from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. Finally, Seaport Res Ptn raised Oklo to a "hold" rating in a research report on Friday, September 6th.
Read Our Latest Stock Report on OKLO
Oklo Price Performance
The firm's fifty day simple moving average is $13.35.
Oklo (NYSE:OKLO - Get Free Report) last released its earnings results on Tuesday, August 13th. The company reported ($5.17) earnings per share for the quarter. Research analysts forecast that Oklo Inc. will post -2.92 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Oklo
An institutional investor recently bought a new position in Oklo stock. DRW Securities LLC acquired a new stake in Oklo Inc. (NYSE:OKLO - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 50,000 shares of the company's stock, valued at approximately $404,000. 85.03% of the stock is owned by institutional investors and hedge funds.
Oklo Company Profile
(
Get Free Report)
Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.
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